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Tag: slump
Pioneer Natural Resources Boosts Spending Cuts as Oil Slump Bites
2020-05-06 23:30:00| OGI
Permian Basin shale producer Pioneer Natural Resources now expects 2020 capex between $1.4 billion to $1.6 billion, down from its prior estimates of $1.7 billion and $1.9 billion.
Tags: resources
natural
oil
spending
New York craft brewers sound alarm as sales slump - survey
2020-05-05 16:38:00| Daily beverage news and comment - from just-drinks.com
Sales for almost two-thirds of New York state's craft brewers have plunged by at least 75%, according to a new survey that offers an insight into the challenges facing the US beer category.
Property Tech Startup Cadre Plans Fund to Buy in Economic Slump
2020-05-05 15:46:00| National Real Estate Investor
The company will make commercial real estate bets, with key potential investors including family offices.
Sainsbury's warns of GBP500m profit hit as clothing sales slump
2020-04-30 12:37:00| Daily apparel & textile news and comment - from just-style.com
UK supermarket retailer Sainsbury's has warned of a GBP500m (US$624m) profit hit for its next financial year as significant costs related to safety measures amid the Covid-19 pandemic and lower clothing sales take their toll.
Tags: sales
hit
clothing
profit
Next saves GBP290m on stock costs as sales slump
2020-04-29 13:07:00| Daily apparel & textile news and comment - from just-style.com
UK clothing retailer Next has saved around GBP290m (US$360m) on stock purchases, after cancelling orders it "no longer needs" because of store and warehouse closures due to try to halt the spread of Covid-19, and moving other stock into future seasons.
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